Kotak Mahindra Bank to Transfer Unclaimed Dividends and Shares to IEPF Authority
Kotak Mahindra Bank will transfer unclaimed dividends and shares to the IEPF Authority by August 21, 2026, if not claimed by shareholders before August 11, 2026. This follows Section 124 of the Companies Act, 2013. Shareholders can claim their dues by contacting the bank or IEPF.
This is a routine compliance action as mandated by law for unclaimed assets. It does not represent a new business development or a significant financial event for the bank.
The announcement is a regulatory compliance action regarding unclaimed dividends and shares and does not directly impact the bank's financial performance or operations in a positive or negative way.
Kotak Mahindra Bank Limited has announced the transfer of unclaimed and unencashed dividend amounts, along with eligible equity shares, to the Investor Education and Protection Fund (IEPF) Authority. This action is in accordance with Section 124(5) and 124(6) of the Companies Act, 2013, and the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
The bank has sent notices to the concerned shareholders, informing them that dividends declared for the Financial Year 2018-19, which remain unclaimed for seven years as of August 21, 2026, will be transferred to the IEPF within 30 days of this due date. Similarly, shares in respect of which dividends have not been paid or claimed for seven consecutive years or more will also be transferred to the IEPF Authority within 30 days of the due date, August 21, 2026.
Shareholders are urged to claim their unclaimed dividends by August 11, 2026, by sending a request letter along with unencashed dividend warrants or by returning the enclosed Letter-cum-Undertaking, duly signed. For those holding shares in physical form, bank account details must be updated using Form ISR-1 and submitted with supporting documents. If no response is received by August 11, 2026, the bank will proceed with the transfer to the IEPF Authority without further notice. Claims can be made to the IEPF Authority using Form Web-Form IEPF-5. The bank has also published notices in the Financial Express (English daily) and Navshakti (Marathi daily) on May 14, 2026, regarding this matter. The information is also available on the bank's website.
What to do with a filing like this
Kotak Mahindra Bank Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Kotak Mahindra Bank Limited. Read the original for the full detail.